Gold prices remained elevated on Thursday, September 24, though rates moved slightly after the recent rally. Investors are watching global inflation signals, interest-rate expectations, and developments in energy markets.
In India, the latest retail rates show only a marginal increase from the previous session for major gold purities, while international prices remain above the USD 4,000-per-ounce mark. Rates can vary between jewelers and locations, and the figures quoted below are indicative.
24-carat gold is priced at Rs. 15,421 per gram in India on September 24. The rate for 22-carat gold stands at Rs. 14,136 per gram, while 18-carat gold is available at Rs. 11,566 per gram.
On a 10-gram basis, the corresponding prices are Rs. 1,54,210 for 24K, Rs. 1,41,360 for 22K and Rs. 1,15,660 for 18K gold. The latest rates represent a marginal increase of Rs. 1 per gram across the three purities compared with the previous day's quoted rates.
MCX gold futures were trading lower in early activity. The October contract was around Rs. 1,51,360 per 10 grams, down 0.89% from the previous close at the time of the latest available update.
| City | 24K Gold Rate (10g) | 22K Gold Rate (10g) |
|---|---|---|
| Mumbai | Rs. 1,51,380 | Rs. 1,38,765 |
| New Delhi | Rs. 1,51,120 | Rs. 1,38,527 |
| Bengaluru | Rs. 1,51,450 | Rs. 1,38,829 |
| Kolkata | Rs. 1,51,130 | Rs. 1,38,536 |
| Hyderabad | Rs. 1,51,570 | Rs. 1,38,939 |
| Chennai | Rs. 1,51,770 | Rs. 1,39,123 |
Retail prices do not include GST, TCS, making charges, and other applicable levies, meaning the final amount paid by consumers can be higher.
In the US, 24K gold is priced at USD 141.50 per gram, 22K gold at USD 136.50 per gram, and 18K gold at USD 111.70 per gram. All three rates were lower than the previous day's levels.
Meanwhile, the international spot market was hovering around USD 4,285–USD 4,290 per troy ounce in early trading on September 24. The previous day's close was around USD 4,283, according to live market data.
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Gold continues to trade at historically high levels despite short-term fluctuations. In India, 24K gold remains above Rs. 15,000 per gram, while international spot gold is holding above USD 4,000 an ounce.
For buyers, the quoted retail rates should be treated as a reference rather than the final purchase price. Jewelry bills will also reflect purity, making charges, GST and other applicable costs. Global movements in the dollar, interest-rate expectations, inflation and geopolitical developments will remain important factors for gold prices in the coming sessions.